CORNERSTONE CHURCH WATFORD
LEGAL AND ADMINISTRATIVE INFORMATION
Tru¥te8¥
Brian Evan8
Michael Hend&r8on
Linda Field
Heather Nash
Chaty numb•r
1145703
Company numbw
07858090
Prfncipal addre
1194 v￿arage Road
Watford
Hertfordshire
WD18 OEY
R•glstorgd offl¢•
36 Crown Rise
Warford
Hertfoid8hire
WD25 ONE
Ind•p•nd•nt examln•r
Gary Howard FCA
Howard Wlson Charter8d A¢counlants
36 Crown Risg
Watford
Hertfordshire
WD25 ONE
Bankgrn
NatsYe$t Plc. ￿￿tsrd Junction Branch
7 Station Road
Watford
Hertfordshir8
WD1 1TH

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|||UnrestrictedUnrestricted|UnrestrictedUnrestricted|
|---|---|---|---|
|||fundsfunds||
|||20232022||
||Notes|||
|Income from:||||
|Voluntary income including donations and legacies<br>Investment income|4<br>3|10,873<br>35,232|8,027<br>42,929|
|Total income||46,105|50,956|
|Expenditure on:||||
|Raising funds|5||200|
|||-||
|Charitable activities|6|27,977|46,866|
|Total expenditure||27,977|47,066|
|Net income for the year/||||
|Net movement in funds||18,128|3,890|
|Fund balances at 1 April 2022||256,930|253,040|
|Fund balances at 31March 2023||275,058|256,930|
|The statement of financial activities includes all gains and losses recognised in the year.||||
|All income and expenditure derive from continuing activities.||||
|The statement of financial activities also complies with the requirements for an income and expenditure|||account|
|under the Companies Act 2006.||||





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|||2023|2022|
|---|---|---|---|
||Notes|||
|Fixed assets||||
|Tangible assets|10|213,050|214,575|
|Current assets||||
|Debtors|11|2,879|3,044|
|Cash at bank and in hand||60,209|40,211|
|||63,088|43,255|
|Creditors: amounts falling due within||||
|one year|12|(1,080)|(900)|
|Net current assets||62,008|42,355|
|Total assets less current liabilities||275,058|256,930|
|Income funds||||
|Unrestricted funds||275,058|256,930|
|||275,058|256,930|
|The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act||||
|2006, for the year ended 31 March 2023.||||
|The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006||||
|with respect to accounting records and the preparation of financial statements.||||






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|3|Voluntary income including donations and legacies||||
|---|---|---|---|---|
|||Unrestricted|Unrestricted||
|||funds||funds|
|||2023||2022|
||Donations and gifts|35,232||36,479|
||HMRC CJRS grants received|||6,450|
|||35,232||42,929|
||Investment income||||
|||Unrestricted||Unrestricted|
|||funds||funds|
|||2023||2022|
||Rental income|10,721||8,023|
||Interest receivable|152||4|
|||10,873||8,027|
||Raising funds||||
|||Total||Unrestricted|
|||||funds|
|||2023||2022|
||Fundraisinq and publicity||||
||Advertising||-|200|








||2023|2022|
|---|---|---|
|Staff costs|||
|Depreciation and impairment<br>Missionary and charitable giving - UK<br>Missionary and charitable giving - Overseas<br>Computer costs<br>Outing costs and retreat weekend<br>Church activities<br>Church premises costs<br>Church repairs<br>House premises costs<br>Training<br>Subscriptions<br>Governance costs|233<br>4,232<br>3,345<br>3,304<br>2,104<br>647<br>4,738<br>5,595<br>1,525<br>_|163<br>479<br>4,164<br>5,011<br>2,433<br>634<br>69<br>761<br>4,655<br>248<br>2,077<br>24,378|
|Sundry expenses|994<br>1,260|714<br>1,080|
||27,977|46,866|
|Analysis by fund|||
|Unrestricted funds|27,977|46,866|



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||2023|2022|
|---|---|---|
||Number|Number|
|Pastor||1|
||-||
|Employment costs|2023|2022|
|Wages and salaries|-|22,628|
|Other pension costs||1,750|
||-|24,378|




|angible fixed assets||||
|---|---|---|---|
||Freehold|Plant and|Total|
||property|machinery||
|Cost||||
|At 1 April 2022|210,000|14,924|224,924|
|At 31 March 2023|210,000|14,924|224,924|
|Depreciation and impairment||||
|At 1 April 2022||10,349|10,349|
|Depreciation charged in the year|-|1,525|1,525|
|At 31 March 2023|-|11,874|11,874|
|Carrying amount||||
|At 31 March 2023|210,000|3,050|213,050|
|At 31 March 2022|210,000|4,575|214,575|







|11Debtors|||
|---|---|---|
||2023|2022|
|Amounts falling due within one year:|||
|Other debtors|2,879|3,044|
|12Creditors: amounts falling due within one year|||
||2023|2022|
|Accruals and deferred income|1,080|900|
|13Related party transactions|||
|Remuneration of key management personnel|||
|The remuneration of key management personnel is as follows.|||
||20232022||
|Aggregate compensation-22,628|||